Buffett’s Newspapers Lose Readers as Bet on Local Awaits Payoff

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By: Edmund Lee | Bloomberg

Even Warren Buffett can’t escape the sting of the declining newspaper business.

The billionaire’s papers saw a collective 5.6 percent drop in daily readers, according to the latest annual report of his investment firm, Berkshire Hathaway Inc. (BRK/A)Readership fell at 26 of the 28 newspapers he’s owned for more than a year, according to a comparison of a chart in the March 1 document and the prior annual report.































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